The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) Sees Large Increase in Short Interest

The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 15,400 shares, an increase of 1,611.1% from the December 15th total of 900 shares. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 0.6 days.

Kansai Electric Power Stock Performance

Shares of KAEPY traded down $0.46 on Monday, reaching $5.41. The company’s stock had a trading volume of 26,278 shares, compared to its average volume of 13,496. The stock’s 50 day simple moving average is $6.17 and its two-hundred day simple moving average is $7.73. Kansai Electric Power has a 12-month low of $5.10 and a 12-month high of $9.30.

About Kansai Electric Power

The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication businesses in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business.